GF Joins Call to Safeguard Microfinance Clients

Grameen Foundation joined 46 other organizations to support the launch of Microfinance Transparency at the Asia-Pacific Microcredit Summit, held in Bali, Indonesia, July 27-29. In a speech that became a keystone of the conference, Grameen Foundation board member Muhammad Yunus called for greater transparency by microfinance institutions, challenging lenders to publicly report interest rates and to set them no higher than that which will cover costs.